Comments on: American Protectionism is a Myth http://blog.usw.org/2009/07/22/american-protectionism-is-a-myth/ USW Fighting Globally For Workers' Dignity Mon, 06 Feb 2012 15:09:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: gspencer http://blog.usw.org/2009/07/22/american-protectionism-is-a-myth/comment-page-1/#comment-133 gspencer Thu, 23 Jul 2009 13:34:02 +0000 http://blog.usw.org/?p=792#comment-133 Spencer's US Economic Stimulation Plan: Instead of just passing out free TARP money to the incompetent financial wizards at various inept and possibility criminal wall street organizations and hope that some of this free money will trickle down, maybe the US government should build manufacturing plants to make consumer products like refrigerators, washing machines, clothing, TV's, tires, auto parts, and etc. one product at a time. Eventually all of the consumer goods that we import would me nade in the USA. We should then impose extremely high import taxes that are high enough so that these US made products are always less expensive to the consumer than the same imported product. Without extremely high tariffs, US workers must compete with foreign workers at very low foreign wage scales. These plants should periodically and/or constantly be for sale based upon periodic open public competitive bidding, but at a minimum sale price at least equal to as much as the government investment, and with terms of cash only. There should not be any leveraged or other creative financing for purchase allowed by the government. Only cash sales should be allowed. The management should know about making the products, not creative accounting and/or creative financing. Yes, the consumer will pay several times the price for the particular US manufactured product, but maybe this will avert a second American revolution. Spencer’s US Economic Stimulation Plan: Instead of just passing out free TARP money to the incompetent financial wizards at various inept and possibility criminal wall street organizations and hope that some of this free money will trickle down, maybe the US government should build manufacturing plants to make consumer products like refrigerators, washing machines, clothing, TV’s, tires, auto parts, and etc. one product at a time. Eventually all of the consumer goods that we import would me nade in the USA. We should then impose extremely high import taxes that are high enough so that these US made products are always less expensive to the consumer than the same imported product. Without extremely high tariffs, US workers must compete with foreign workers at very low foreign wage scales. These plants should periodically and/or constantly be for sale based upon periodic open public competitive bidding, but at a minimum sale price at least equal to as much as the government investment, and with terms of cash only.

There should not be any leveraged or other creative financing for purchase allowed by the government. Only cash sales should be allowed.

The management should know about making the products, not creative accounting and/or creative financing.

Yes, the consumer will pay several times the price for the particular US manufactured product, but maybe this will avert a second American revolution.

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